Real Money

NEW YORK, April 8, 2013 /PRNewswire/ -- Rudolf Molkenboer has been appointed President & CEO of ING Financial Holdings Corporation, effective March 18, 2013. ING Financial Holdings Corporation is a subsidiary of ING Group (NYSE: ING), a global financial institution of Dutch origin, offering a full range of financial services. In his new role, Molkenboer will oversee the firm's business activities in the United States, which include structured finance, commercial lending, and financial markets sales and trading, and also has regional responsibility for the firm's businesses in Latin America. He is based in New York and reports to Diederik van Wassenaer, ING's Global Head of Clients & Network.

Molkenboer, 50, previously served as Global Head of Real Estate Finance (REF), ING Commercial Banking, based in The Hague, The Netherlands, and was primarily responsible for the successful integration of the global REF business into ING's Commercial Banking platform. He joined ING in 2007 as Global Head of the Event Finance team, which assist in structuring transactions for ING clients globally. Previously, Molkenboer led the Media Benelux sector team at ABN Amro from 2001 to 2007. He began his career at Price Waterhouse as a tax advisor in the international tax practice.

"Rudolf has a proven track record of creating and expanding client-focused businesses for our operations," said Diederik van Wassenaer. "His managerial, lending and business skills, combined with his extensive experience leveraging ING's global network and services to clients, make him ideally suited to build on our solid business platform in the Americas."

ING GROUP PROFILE ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. ING Bank does not have a commercial banking license in the U.S. and therefore is not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Holdings Corporation, and its affiliates, it offers a full array of wholesale products such as commercial lending, corporate finance and a full range of FM products and services.